Latest news with #DineshThakkar
Economic Times
02-08-2025
- Business
- Economic Times
Angel One Founder's son sells luxury apartment in Mumbai suburb for Rs 52 cr
Vinay Thakkar, a member of the family of Dinesh Thakkar, founder of listed stockbroking and wealth management firm Angel One, has sold a luxury apartment in Mumbai's western suburb of Andheri West for Rs 52.48 transaction for the 25th floor apartment with RERA carpet area of 3,891 sq ft, along with 409 sq ft of balcony space, is valued at effective carpet area rate of Rs 1.4 lakh per sq ft, ranking among the costliest deal for a residential property on per sq ft deal registered on June 20 provides the buyer exclusive four car parking slots in the residential tower, showed registration documents accessed through email query to Angel One remained unanswered until the time of going to deal is part of the increasing number of luxury transactions being recorded in the suburban localities in addition to South and Central Mumbai. High-value deals in Mumbai's residential market have remained resilient despite elevated interest rates and pricing levels, with demand sustained in specific premium the country's largest and costliest property market, held steady in July as sustained end-user demand and a rising preference for larger, premium homes continued to drive buying interest levels and ongoing infrastructure upgrades across the city have helped maintain market momentum even after price growth and a rise in ready reckoner rates that kicked in from April 1. The Maximum City registered 12,510 property deals in July, maintaining the momentum witnessed a year ago, while stamp duty collections rose 5.4% to Rs 1,121 crore, showed data from the Inspector General of Registration (IGR), Maharashtra.
Business Standard
17-07-2025
- Business
- Business Standard
Angel One Q1 PAT tanks 61% YoY to Rs 114 cr
Angel One's consolidated net profit declined 60.89% to Rs 114.47 crore on a 18.85% fall in total revenue from operations to Rs 1,140.5 crore in Q1 FY26 over Q1 FY25. Profit before tax tanked 58.56% year on year to Rs 164.44 crore in the quarter ended 30 June 2025. Consolidated earnings before depreciation, amortization, & taxes (EBDAT) in Q1 FY26 stood at Rs 194.40 crore (down 53.64% YoY). EBDAT margin slipped to 21.8% in Q1 FY26 as against 37.7% posted in Q1 FY25. In Q1 FY26, client base jumped 31.35% to 32.47 million, compared with 24.72 million Q1 FY25. The companys gross client acquisition fell 41.5% to 0.55 million in June 2025 as against 0.94 million in June 2024. The company's broking client funding book hits record high of Rs 48,000 crore as of June 2025. Angel One's asset management arm launches 2 new schemes in Q1FY26, taking total to 5; AUM at Rs 340 crore as of June 2025. Dinesh Thakkar, chairman & managing director said, India is at the cusp of a financial revolution, with digital adoption accelerating and vast sections still underserved. At Angel One, we are using technology, data and AI to bridge the gap, creating smarter and more inclusive access to financial services. Our product-agnostic fintech platform already addresses the full spectrum of client needs, from investing and borrowing to protecting and planning, through one seamless, trusted experience. With the next wave of growth coming from beyond Tier 1 cities, the opportunity for inclusive impact is both vast and urgent. Powered by data and platform intelligence, our focus remains on delivering low-cost, high-engagement services at scale, strengthening our position as Indias most client-centric, technology-driven fintech platform. We are building Angel One to grow with every clients financial journey intelligent, responsive and designed to empower a billion lives. Ambarish Kenghe, Group CEO said, Angel Ones platform continues to deliver healthy performance in a dynamic business environment. This quarter we added over 1.5 million clients and maintained a stable market shares of 15.3% in NSE active clients and 19.7% in overall retail equity turnover, a testament to the resilience and scalability of our model. We are embedding intelligence across every layer of our operations, harnessing the power of data, AI and advanced analytics to deliver more meaningful engagement, improve retention and drive greater efficiency across the ecosystem. These capabilities are enabling us to deepen client relationships, unlock higher lifetime value and sustained operating leverage, even as we diversify revenues through credit, wealth and asset management verticals that are scaling steadily. Our brand investments, including IPL and other high-visibility digital campaigns, are building trust, credibility and recall at scale, laying a strong foundation for broader adoption and cross-sell our expanding product suite. As we grow, our focus remains on disciplined execution, innovation and staying ahead of evolving client needs. We are confident that our intelligent, data driven platform will continue to compound value, strengthen our leadership position and take us closer to our vision of being Indias most trusted fintech platform, empowering a billion lives through the power of data and technology. Angel One is the largest listed retail stock broking house in India in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares, and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and a network of authorized persons. Shares of Angel One rose 1.98% to Rs 2,768.95 on the BSE.
India Today
09-07-2025
- Business
- India Today
Sebi's ban on Jane Street: Could it rattle Dalal Street?
The Securities and Exchange Board of India (Sebi) has taken a strong step as the regulator has barred U.S.-based trading firm Jane Street from operating in the equity and derivatives decision came after an investigation found the firm was involved in manipulative trading move is being seen as one of the most serious actions taken by Sebi against a global trading firm. While the ban is focused on a single player, many believe it may have wider effects on liquidity, trading volumes, investor confidence, and even foreign investor behaviour.A MAJOR LIQUIDITY PROVIDER IS OUTJane Street is not just another foreign investor. It is one of the largest high-frequency trading and market-making firms in the world. Its strategies involve trading large volumes and providing tight buy-sell spreads that help maintain liquidity in the that Sebi has banned the firm, many worry that liquidity, especially in Nifty and Bank Nifty options may fall. These contracts see a lot of activity from both institutional and retail traders. If fewer firms provide liquidity, the cost of trading could rise. This happens because wider spreads make it harder for traders to enter and exit positions before Sebi's order was made public, derivatives turnover on Indian exchanges had already fallen by 13–17% in June. With Jane Street now out, this drop may continue, especially if other similar firms come under the AND EXCHANGES MAY FEEL THE PINCHThe fall in derivatives volumes has already begun to hurt the market-related of listed brokerages like Angel One and Nuvama Wealth, as well as the Bombay Stock Exchange (BSE), dropped between 6% and 9% after the Sebi order. These companies earn a significant part of their income from trading activity, and lower volumes could hurt their revenue in the short also concern among brokerages that global institutional clients could reduce their activity or delay new strategies if they feel India is becoming difficult for complex trading models. Some fear a slowdown in foreign inflows into the derivatives FOREIGN FIRMS RETHINK INDIA STRATEGY? Dinesh Thakkar, Chairman and Managing Director of Angel One, said the controversy surrounding Jane Street should not be seen as a danger to the overall Indian market, even though it has sparked debate around proprietary trading.'Retail participation in equity derivatives has grown from just 2% in 2018 to over 40% in 2025. This influx fuels liquidity, volatility, and, with it, opportunity. Proprietary trading desks thrive in such environments, leveraging high-frequency and algorithmic strategies," he said on LinkedIn. He further said that India's market growth is being supported by long-term trends rather than short-term cycles. Key drivers include political stability, strong domestic demand, favourable demographics, and a steady inflation also mentioned that global interest in India remains strong. Despite Jane Street's exit, other international trading firms such as Citadel Securities, Jump Trading, Optiver, IMC, and Millennium are actively expanding their presence in India by setting up offices, hiring Indian professionals, and investing in infrastructure.'When one firm leaves, others usually move in quickly to fill the space,' Thakkar action makes it clear that big global firms are not above scrutiny. This may prompt some foreign trading companies to reassess how they operate in no large firm has publicly stated that it will exit or reduce its India exposure, insiders suggest that some firms may slow down their investment plans or adopt a cautious could mean that India, which has become the world's largest derivatives market by contracts traded, may see reduced global participation for a while.A POSITIVE SIGNAL FOR RETAIL TRADERS?Interestingly, the move may turn out to be good news for retail investors. The derivatives market has seen a big rise in retail participation over the last few years, especially in options. But many of these traders face losses due to the complexity of the products and the presence of faster, algorithm-based cracking down on what it believes is manipulative trading, Sebi is sending a strong message that it is serious about protecting retail investors. Losses in retail F&O trading reportedly crossed Rs 1 lakh crore in FY25, raising concerns about fairness in the this leads to more checks on complex strategies and helps clean up the market, retail participation may become more balanced and long-term in nature.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends advertisement
Mint
09-07-2025
- Business
- Mint
Sebi mulls fortnightly expiry for index options
The stock market regulator may revise the weekly contract expiry schedule if its recent measures fail to cool the index options fever, a person aware of the matter said. Among the plans under consideration: Expiry every fortnight against the weekly system now, and only one expiry in a fortnight against twice a week now. "Certain additional measures on position limits and changes in the calculation of open interest on index futures and options took effect this month," the person cited above said on the condition of anonymity. Position limit refers to exposure a participant can take in index derivatives, while open interest refers to an outstanding buy or sell position. "Sebi will examine if the recent measures bring down the volumes meaningfully over the next few weeks. If the volumes don't dip or dip only marginally, more proposals, like doing away with weekly expiry in favour of, say, fortnightly expiry, and having just one benchmark index expiry per fortnight from two per week now could be discussed within the regulatory apparatus before a decision is taken. This could happen sooner than later through a consultative approach," the person said. Options exuberance The Securities and Exchange Board of India (Sebi), which had issued multiple measures in October to calm the exuberance in options, followed up with additional steps in May this year. The plan for fresh measures comes against the backdrop of Sebi's interim order against Jane Street for alleged manipulation in index options on expiry day. The regulator has ordered the seizure of ₹4,844 crore of allegedly unlawful gains by the US proprietary trader, which is expected to respond to the regulatory order soon. Meanwhile, shares of companies operating in the capital market have taken a severe beating, as investors fear that a potential tightening in derivatives after the Jane Street fiasco will hurt volumes. On Tuesday, shares of BSE tanked 6% to close at ₹2477, and now down18% from a record ₹3030 a month ago. Angel One, India's third-largest listed retail broker, fell 3.6% at ₹2692.6 and 360 One closed down 2.6% at ₹1220.4, despite the benchmark Nifty gaining one fourth of a percent to 25522.5 and the Sensex rallying 0.3% to 83712.51. 'Short-term dip' On fears of an impact in volumes because of the Jane Street order, Dinesh Thakkar, founder & chairman and MD, Angel One, said, 'There might be a brief, short-term dip in volumes — perhaps for a week or so — but activity is likely to rebound quickly. We must remember that it's retail investors who drive opportunity in our markets, not high-frequency traders, who typically capitalize on inefficiencies created by increased retail participation in options trading. " According to Thakkar, any exit is likely to be short-lived, as others will step in to fill the gap. The younger generation is looking to compound wealth faster, and once they enter the market, they tend to stay, he said. Currently, the weekly options contracts on the BSE and NSE expire on Tuesdays and Thursdays respectively. Both Sensex and Nifty options contracts are widely popular - For instance, in the week ended 27 June, the Nifty index options premium turnover on Thursday was ₹80,732 crore, compared with the average daily turnover of ₹50,419 crore for the week. Heightened activity A Sebi study on trading activity in the equity derivatives segment (EDS) found that while the premium turnover of index options was down 9% during December 2024 to May 2025, it was still up 14% from the same period two years ago. Moreover, while the turnover of individuals in premium terms was down 11% year on year, it was up by 36% from the same period two years ago. Also, while the number of unique individuals trading in EDS was down 20% from a year ago during December-May, it was up 24% from two years ago. "India continues to see relatively very high level of trading in EDS, compared to other markets, particularly in index options," the study found, adding that 91% of individual traders incurred net loss in in FY25, a trend similar to that in the preceding fiscal year. "Clearly, given the context of the large trading in index options, the regulator wants to see if its recent measures result in a meaningful dip in volumes over the next few weeks. If there isn't much of an impact, fresh proposals could be considered after a due consultative process," said the person cited above. On Tuesday, Sensex options expiry on BSE saw a premium turnover of ₹19,684 crore, the lowest since 6 May's ₹17,152 crore, as fears of tightening spooked traders. October moves In October last year, Sebi cut the number of weekly expiries per exchange to just one from multiple expiries earlier, with effect from 20 November. It also increased the contract size for index derivatives to ₹15-20 lakh from ₹5-10 lakh, among other measures. Through a follow-up circular on 29 May this year, it stipulated a change in the method of computing open interest or outstanding positions of participants in index options to a future-equivalent one from a notional one to prevent over exposure. That is, if one buys a Nifty futures contract and buys a Nifty call option, open interest was taken as 1+1 or 2. Now, the open interest of a futures is calculated as one, but the option open interest is based on a measure of how much its price changes for every point change in the underlying Nifty. If it has a 0.5 measure, the open interest of futures will be 1 and that of option will be 0.5, resulting in a total of 1.5 instead of 2. Also, there will be intra-day monitoring of exposure taken by participants. Intraday net limit for futures and options is ₹1500 crore each with a gross limit of ₹10,000 crore for all long and short options positions. Earlier, the net limit was ₹500 crore, and there was no gross limit.
Time of India
06-07-2025
- Business
- Time of India
Why Jane St ban may not hit trading
SEBI MUMBAI: Markets regulator Sebi's Rs 4,850-crore disgorgement order against global algo-based trader Jane Street group and its temporary ban from Dalal Street - for market manipulation - is unlikely to deter proprietary (prop) firms from trading on domestic bourses. Rather, the clampdown is expected to improve compliance and corporate governance among brokerages and funds that trade with prop funds, market players said. Despite concerns about drop in futures & options volumes in the backdrop of the ban on the US-based foreign fund, Sebi remains steadfast about its stand about strict adherence to its rules by market participants and non-tolerance of any attempt of manipulation, its chairman said. One of the fallouts of the Sebi order was the sharp slide in the stock prices of some of the broking houses and market infra institutions that analysts feel would be affected by a drop in F&O volumes, at least in the short term. On Friday, the day after Sebi's order was released, Nuvama Wealth Management that also has a broking arm, lost over 11% while Angel One, another tech-heavy financial services firm with a robust broking outfit, lost nearly 6%. Among the institutions, BSE, the biggest among the listed bourses, closed 6.4% down while CDSL, the biggest depository, lost 2.3%. Angel One chairman & MD Dinesh Thakkar said, in an email, that over the past few years, retail participation in India's F&O segment had surged about 20 times, something that has fuelled liquidity, volatility, and opportunity. "Proprietary trading desks thrive in such environments, leveraging high-frequency and algorithmic strategies. With millions of active retail traders and deepening institutional activity, India's market opportunity is structural and not cyclical. Also, this is not dependent on any one firm." Sebi officials also feel that there should not be any major market impact from the enforcement action."In the long run, the growth in market confidence, and a free and fair market, should aid responsible investing and capital formation," a Sebi source said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
